Report
Nikolaas Faes

TILRAY 2 | Market leadership in Canada and Europe | SELL Coverage Initiated

• Tilray coverage is replacing our Aphria coverage
• Enhancing operations in Germany and Greater Europe
• Strong US CPG positioning
• Steep Canadian ambitions will lead to more price pressure
• With an expected combined revenue of USD1bn the company is one of the leaders in the global cannabis industry
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Nikolaas Faes

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